Welcome to Omkara Assets Reconstruction Private Limited

Omkara Assets Reconstruction Private Limited was born out of the vision of Dr.A.Sakthivel, an internationally acclaimed textile exporter cum entrepreneur, who is also a PadmaShree awardee and a conferred Doctorate from the Bharathiyar University for his yeoman services to the exporter community especially the MSME sector. In his everyday interaction with people in small and medium business, Dr.Sakthivel was able to identity that the MSME sector was under represented and the Medium and Small Scale enterprises suffered immensely for want of effective addressal of its concerns. The mounting NPAs of the banks, in which too he has thorough expertise, given his successful stint in IDBI and UCO bank, along with his period of service as Director in ECGC and SIDBI made him understand the difficulties faced by banks and the borrowers too.

During his interactions with various people running various businesses, Dr.A.Sakthivel came across a number of cases where the borrower would be possessing a very good security which would be sufficient to pay off the bank, where the account has turned bad due to the genuine business loss and would still be left with money to have a fresh start. He also observed that the genuine borrowers were not given adequate opportunities to revive or restart their business either by liquidating their securities and paying off the bank or having a restructuring of the accounts.